According to reliable news today, the Fed's interest rate cut is almost certain! It is unlikely that the market will fall more sharply than in the past two days.
When the Americans raise interest rates, we may see large fluctuations in Bitcoin, and I don’t think they will provide lower buying opportunities for the irons. On the contrary, the market has a momentum of being controlled. In the past few days, Bitcoin has been falling continuously, which has caused many people to suffer huge losses. After the current decline, it is difficult to see that it will fall sharply to a lower price again. I personally expect it to reach 50,500 $. If the weekly closing price closes in the 61,600 $ range, then another decline seems unlikely and it will enter the consolidation zone. I expect it to bottom out and stabilize in this range. When the market enters September and October, as the Federal Reserve cuts interest rates and capital money enters the financial market, Bitcoin will rise sharply.
The employment data in the next few months may cause large fluctuations in Bitcoin. These points are my analysis of the market and the situation presented in the market. My friends can also make investment plans based on these situations.
The current spot trading has seen a large decline. One of the main reasons is that when Bitcoin rose to US$73,000, many people entered the market to buy, and opened long and short positions with leverage. When this happens in the market, even if Bitcoin rises to US$85,000-90,000, those who enter the market will gain 10%-20% profit. How can the market makers and capital let you profit comfortably? They want to trap you and make you anxious, and then wait for you to sell at a loss in panic!
Here I would like to reassure you again: the bull market is not over yet. If it falls, "Daddy" will give you gold coins. Just find an opportunity to buy them and wait for time to exchange space. The price you buy now is at least 30% to 50% different from when Bitcoin was at 73,000 $, which means that your chips now have 30% to 50% more. Try every possible means to get 1 million RMB and wait for the wave of interest rate cuts after October. The arrival of the big bull market will be enough for you to eat for 10 years!
My friends, in the next market, I will gradually choose to buy the coins that I like. My friends, please continue to follow me and pay attention to our sharing of knowledge.
If you don’t know how to make money in the cryptocurrency world and accumulate your own capital, follow me and I will tell you. If you like this content, give me a like and comment.
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Come out and cut interest rates quickly, the bull market will start with the interest rate cut.
